We've mentioned free celebrity stakes in the past. I have one celebrity I would nominate if he was willing to accept it. He may also be a potential merchant. http://blowmeuptom.com/Tom Leykis hosts the largest online-radio talkshow and has had 5 million listeners (through tunein) in 2014, his main listening demographic being young men between ages 18 to 40 (which is pretty much crypto demographics in a nutshell). He has a segment called money monday (and occasionally talks about money on Friday) and has had mentioned Bitcoin many times but has been hostile to it. He's actually a very approachable person and I don't think his hostility towards Bitcoin necessarily excludes alternates (or a free celebrity stake and he has a pretty wide audience). I could attempt to handle this myself but I'ld need permission that a celebrity stake can be assigned to him.
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I've been saying this since I signed up. The more merchants which accept BTC the more the price will go way down. The merchants fire sell at the lowest prices to pay their employees, cover their overhead expenses and/or pay taxes.
Meanwhile while Bitcoin gets stuck in that limbo some coin with limited or no merchant adoption (like LTC or some other alternate) will eclipse Bitcoin.
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There's been a track record where if Max Keiser endorses something then it dies.
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The images for the concise logo don't make any sense.. I don't think it's working?
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All of those crashes were not connected together so far as I know. Do you have any conspiracy theory to share with us? We all know that the air transport industry is less and less profitable everyday, so my fear is that it might be starting to reflect in the quality control of planes pieces, and in the concern of the flying companies about security. Since I have almost 0 knowledge about the civil private plane industry, I have no way to check if my thinking might be true or not, so this thread. We also are open to conspiracy theories like the 2-2-7-7 because they are fun. Yeah this is probably the most correct answer so far. Dropping revenue means companies are taking short cuts, like cutting back on maintenance or using cheaper parts, to maintain their net profits. There's also been a rise in low cost airlines too, ironically you get what you pay for - an airplane which crashes midair.
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So its about buying at the beginning and dumping after so the late investors are the bad holders? Thats about right, sounds like the state of the altcoin markets today.
I haven't kept track of NXT that closely, but it's still going strong. I'm not so sure I'd call any current NXT investor a bag holder. Their IPO and limited distribution is what people tend to bring up as a negative for it... probably holds it back some. Well for all the people who whine about NXT - nobody has yet to come forward and said they actually lost money from it, not one person as far as I know. I bought most of my NXT around 2 to 3 cents I think and already sold off one entire wallet. NXT also rebounded in like May / June of 2014, so that was the time for any "bagholder" to sell off if they wanted to. If a bagholder was in a coma - last I check NXT still has active development and some hype buying will probably push it back to 7 cents again.
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Just in case the OP is getting depressed, I wouldn't be surprised to see at least a minor pump as soon as Ethereum is released. So yeah, maybe it won't be a giant profit, but it could be some profit. Even MaidSafe, which a lot here don't think was such a great IPO, is in profit territory right now (last time I checked, anyway).
One could rightfully argue that other uses for that btc would be more profitable, but it's not like everyone picks winners all the time either. If you didn't invest it in Ethereum, you could just as likely spend that 2 btc on couple of coins that bomb out during the next 6 months... nothing is guaranteed.
And $150 in NXT brought in 2 Million? Sure those numbers are right? I know their investors made money... but... that sounds sort of insane. It was before my time here, so at least I can't feel bad about missing it, as I never knew about the IPO to begin with.
Not the exact numbers but close to. NXT had a 1.5 BTC limit and back then 1 BTC was $60 to $150 in October. Only like 20 people invested the 1.5 BTC limit and those people got around 5% of NXT each, so yes these people made $2 - $4 million in 2014 depending on when they sold. NXT wasn't the only coin. There was tons tons tons of alternates that were premined, instamined or bought up by a small number of people who took in a lot percentage of a coin for next to nothing and later made huge amounts. The best time to get into a coin is the very beginning where huge amounts can be bought for next to nothing. I look almost every day / week for a NXT styled opportunity but they're rather rare. So its about buying at the beginning and dumping after so the late investors are the bad holders? Thats about right, sounds like the state of the altcoin markets today. Unfortunately yes. I've bought many coins after they've launched and lost money as the IPO / instamined / professional miners crowd wasn't patient enough to wait for a coin to grow and attract an user base. I'm generally hesitant to buy into any coin, nowadays, with a capitalization bigger than $500K as I don't want to be a bagholder like I was when I was a crypto newb. I also tend to refrain from buying any POW coin due to all the professional miners out there just looking for a quick buck.
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"people who invested $150 into NxT back in October 2013 made $2-$4 million."
The total NXT market cap is only 40MM.. That means there were only 10-20 original investors that invested $150. But there are 70 founders.. Does not compute?
71 to 73 IIRC but only like 20 invested the limit, the rest threw in random small amounts.
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Just in case the OP is getting depressed, I wouldn't be surprised to see at least a minor pump as soon as Ethereum is released. So yeah, maybe it won't be a giant profit, but it could be some profit. Even MaidSafe, which a lot here don't think was such a great IPO, is in profit territory right now (last time I checked, anyway).
One could rightfully argue that other uses for that btc would be more profitable, but it's not like everyone picks winners all the time either. If you didn't invest it in Ethereum, you could just as likely spend that 2 btc on couple of coins that bomb out during the next 6 months... nothing is guaranteed.
And $150 in NXT brought in 2 Million? Sure those numbers are right? I know their investors made money... but... that sounds sort of insane. It was before my time here, so at least I can't feel bad about missing it, as I never knew about the IPO to begin with.
Not the exact numbers but close to. NXT had a 1.5 BTC limit and back then 1 BTC was $60 to $150 in October. Only like 20 people invested the 1.5 BTC limit and those people got around 5% of NXT each, so yes these people made $2 - $4 million in 2014 depending on when they sold. NXT wasn't the only coin. There was tons tons tons of alternates that were premined, instamined or bought up by a small number of people who took in a lot percentage of a coin for next to nothing and later made huge amounts. The best time to get into a coin is the very beginning where huge amounts can be bought for next to nothing. I look almost every day / week for a NXT styled opportunity but they're rather rare.
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Treating housing as a commodity / investment was never going to have good results for society, regardless if 2008 did or didn't happen.
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Amazing to see the amount of whining over this, as if angel investors don't hand out money all the time to projects that may never go anywhere or perform, it's called taking a risk. If you don't like it, don't give them your money, if you think it's a scam, then present proof or facts it is. Otherwise it is just opinions pulled out your asses.
You think so but Governments around the world do not. There's a reason why we have laws revolving around securities and crowd funding. There's a lot of people investing based on emotion and frankly that's why the governments, who have spent more time thinking about this than you obviously have, have put in laws in an attempt to protect people. Ethereum is this huge media machine trying to pass itself off as the next best thing since sliced bread but in all honesty it holds no more potential than any generation 1.5 or generation 2.0 alternate currency. Second, Ethereum is obviously a large bureaucracy (look at the huge developer team, constant promotions at oversea events, et cetera) so those people have to be paid somehow and that's where the IPO comes in.
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Might even be longer than six months..
BTW - 2 BTC is only going to get you around 0.000033% of all Ether. Just to see a 10x return you're probably going to have to wait until Ethereum is worth $300 - $500 million and no alt other then Litecoin has done that. I'm not saying it can't happen but Ether right now is just speculators and there's no guarantee that crypto mainstream will even come on board. Maidsafe was another huge IPO and that was a major let down and people would had made way more money off Darkcoin.
Especially considering the time you are waiting for Ether to come out - you might have missed out on several good opportunities. You don't need to go big to score big, people who invested $150 into NxT back in October 2013 made $2-$4 million. It's too late to reverse your decision but you're technically better off diversifying into multiple promising coins than throwing all your eggs into one basket.
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Will be interesting to see how event unfold.
Will it replace bitcoin? or will it bust in a spectacular manner?
Either way, some will get hurt badly.
It took Bitcoin five years to get where it is today. Maidsafe did a $8 million IPO in like 24-48 hours and today it's only $12 million capitalization, you might say that's good ROI but people who invested bags of money into Maidsafe would had made more investing into Dark coin. Mastercoin was the same way where people would had made more money off NXT and Dogecoin. Mastercoin in some ways is very comparable to Ethereum that on the surface it appeared to have a huge developer team and a big media presence and yet it didn't go anywhere. This Ether as we know is a POW/POS hybrid (which is something Peercoin and many coins have done for ages). The only exciting thing about Ethereum is this Ethereum language project but the language is technically distinct from the Ether coin. It's not 2009. Before Ether has any chance of getting big it'll probably be overtaken by a fairer distribution or a more innovative coin based on the same language. Ethereum back in January wanted its' $30 million IPO and possibly it'll get that in 40 days. The question here, much like Maidsafe and Mastercoin, is how do you make any ROI in a grand IPO? I have a gut feeling that anyone who invests into Ether will probably make more money buying NEM, NODE and ORA when those coins are released. Heck even Monero and Reddit can probably see 20x return if you invested today. Ethereum at $30 million IPO has very limited ROI potential, like just to get 10x return Ether would have to hit $300 million which no alt other then Litecoin has ever done.
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How did Ethereum get round the SEC rules on selling unregistered securities, or is it registered with them?
Yes it's forgotten that Ethereum tried a sale back in January but it was cancelled when they found out it was breaking Ontario Government laws on securities and crowd funding. No idea how they are able to renew the Ether sale without breaking laws in Canada. I imagine Ethereum has either relocated to Switzerland or Uganda as indicated on their website. I don't think relocating can exempt them from Canadian law, especially when prior evidence indicates it was a Canadian operation, but that doesn't matter since the laws takes years to prosecute people and Ethereum company by then could be dissolved. Maybe Vitalik could be under house arrest like Charlie Shrem but then it's Canada so he'ld probably just get probation "don't you ever do that again young mister, oh and you can keep that $8 million you made". Switzerland and it's not really an IPO. Loopholes baby https://www.youtube.com/watch?feature=player_embedded&v=2PAHMxQCDAQ#t=216Won't stop them from getting prosecuted baby if enough people complain to their respective governments Also just because you say "This is not an ipo. ETH is not a security or derivative" does not make it so. The OSC or the SEC could see it very differently... Indeed. I would like to see that hold up in court. They're going to get attention by both the Canadian and Swiss authorities and I don't think a "disclaimer" can make them bypass laws on securities and crowd funding. The group of developers and other personnel that is now, or will be, employed by, or contracted with, Ethereum Switzerland GmbH (“EthSuisse”) is termedthe“EthereumTeam.” EthSuisse will be liquidated shortly after creation of genesis block, andEthSuisseanticipates(butdoesnot guarantee) that after it is dissolved the Ethereum Platform will continue to be developed by persons and entities who support Ethereum, including both volunteers and developers who arepaidbynonprofitentities interested in supporting the Ethereum Platform. Yup, so they already admit their first plan is to dissolve Ethereum right after it launches. Talk about a scam. Their main concern is not launching Ether but purposely trying to avoid any legal issues in an illegal securities / crowd funding offer.
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Some US soldiers in Latvia and Estonia actually got hypothermia and frostbite in the Spring as they underestimated how much colder it was in the Baltic. Serious. There were even news articles about US soldiers complaining about the lack of appropriate gear for the "cold" and this was in 8 celsius temperature! Mind you the Baltic isn't even cold cold, it's warmer than Russia and Canada and yet the American soldiers were expecting it to be like Southern Germany, Italy or France. Wouldn't be surprised if America invaded Russia that droves of soldiers die from the cold, even though Russia is warmer than the Dakotas and Idaho but that's because 90% of the US military comes from Texas, southern California and Georgia where you can wear t-shirts and shorts during Christmas.
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I think he's another Michael Moore. Another 1% trying to pass himself off as one of the 99% and making money in the process.
We don't need another despot - so I'm staying far away from Brand's "revolution". The real revolution will be decentralized and based around internet activism and it's inevitable, imho.
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How did Ethereum get round the SEC rules on selling unregistered securities, or is it registered with them?
Yes it's forgotten that Ethereum tried a sale back in January but it was cancelled when they found out it was breaking Ontario Government laws on securities and crowd funding. No idea how they are able to renew the Ether sale without breaking laws in Canada. I imagine Ethereum has either relocated to Switzerland or Uganda as indicated on their website. I don't think relocating can exempt them from Canadian law, especially when prior evidence indicates it was a Canadian operation, but that doesn't matter since the laws takes years to prosecute people and Ethereum company by then could be dissolved. Maybe Vitalik could be under house arrest like Charlie Shrem but then it's Canada so he'ld probably just get probation "don't you ever do that again young mister, oh and you can keep that $8 million you made".
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If Vitalik Buterin is involved, it's not a scam, as simple as that. Enough for me to think Ethereum is real Bitcoin 2.0. Are you aware what kind of expert he is? In par with Satoshi probably, if not better.
exactly! that dude lived in an abandoned building with the unsystem guys writing code for months. I cna't believe some of the people here, just talking out of their ass! LOL do you know this for a fact or just fcking hearsay. Why dont you dig a little deeper? Guess what dumb ass, ppl know Vitalik in CS at UoW and they dont have any impression of him being "genius". Typical scripting hacker as they describe him. Yeah Vitalik is treated like some prodigy figure. You know Goldmansachs has effective advertising is people know who Vitalik is but have no idea who Charlie Lee or Gavin Andressen is. Vitalik, before Ethereum, call to fame was editing some magazine which was only read by hundreds and a little side programming - no proof of him being a prodigy of anything - more like a mascot for GMS.
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